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Japan aims to restore Sri Lanka for regional stability

Sri Lanka’s strategically placed economic recovery is essential for stability in the Indo-Pacific region, Japanese Foreign Minister Yoko Kamikawa said on Saturday, urging Colombo to quickly restructure its foreign debt.

After talks with her Sri Lankan counterpart, Ali Sabry, Kamikawa said Colombo should enter into agreements with bilateral lenders and international government bond holders to release suspended foreign financing.

The Sri Lankan government, which defaulted on its $46 billion foreign debt by April 2022, had hoped to finalize agreements with foreign creditors in April, but no final agreements have yet been reached.



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